Cipherhealth $37.58 million Financing. Randolph Cheung Submitted May 16 Form D

May 17, 2018 - By Ruby Caswell

Cipherhealth Financing

Cipherhealth Inc., Corporation just released form D for $37.58 million equity financing. This is a new filing. Cipherhealth was able to finance itself with $37.58 million. That is 100.00 % of the financing round. The total fundraising amount was $37.58 million. The form was filed on 2018-05-16. The reason for the financing was: unspecified.

Cipherhealth is based in New York. The firm’s business is Other Technology. The form D was signed by Randolph Cheung Chief Executive Officer. The company was incorporated in 2017. The filler’s address is: 555 8Th Avenue, New York, Ny, New York, 10018. Randolph Cheung is the related person in the form and it has address: C/O Cipherhealth Inc., 555 8Th Avenue, New York, Ny, New York, 10018. Link to Cipherhealth Filing: 000123191918000028.

Analysis of Cipherhealth Offering

On average, startups in the Other Technology sector, sell 85.80 % of the total offering size. Cipherhealth sold 100.00 % of the offering. Could this mean that the trust in Cipherhealth is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 2,340.07 % bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Cipherhealth Also

The Form D signed by Randolph Cheung might help Cipherhealth Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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